Yellen Confirmed as Fed Chair Despite Knee-Jerk Republican Opposition

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Janet Yellen has been confirmed as Fed chair with 56 votes. Bad weather kept a lot of senators out of town, but even if everyone had been present she would have gotten no more than about 66 votes:

It is the thinnest margin of Senate approval for a Fed chairman in the central bank’s history. Mr. Bernanke was confirmed for a second term as chairman with 70 yes votes and 30 no votes in 2010.

Only 11 Republicans voted for Yellen’s confirmation, despite the fact that she’s perhaps the best qualified nominee in history; has demonstrated considerable foresight during her term as vice-chair; and almost literally has provided no reason to vote against her. But it doesn’t matter. She’s Obama’s nominee, so she has to be opposed. If Republicans want to know why Democrats finally got fed up enough to change the filibuster rules, this vote speaks louder than any words possibly could.

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REAL QUICK, REAL URGENT

Minority rule, corruption, disinformation, attacks on those who dare tell the truth: There is a direct line from what's happening in Russia and Ukraine to what's happening here at home. And that's what MoJo's Monika Bauerlein writes about in "Their Fight Is Our Fight" to unpack the information war we find ourselves in and share a few examples to show why the power of independent, reader-supported journalism is such a threat to authoritarians.

Corrupt leaders the world over can (and will) try to shut down the truth, but when the truth has millions of people on its side, you can't keep it down for good. And there's no more powerful or urgent argument for your support of Mother Jones' journalism right now than that. We need to raise about $450,000 to hit our online fundraising budget in these next few months, so please read more from Monika and pitch in if you can.

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